Florida mortgage company owner gets 11 years in prison for leading massive fraud scheme

COMPLAINT | JIM FULLER, CLERK OF THE COURT, DUVAL COUNTY, FLORIDA vs MORTGAGE ELECTRONIC REGISTRATION SYSTEMS, MERS

Title Agent Michelle Cabrera and Pedro Melian pleaded guilty to participating in a $10 million florida mortgage fraud scheme. Each defendant faces up to thirty years in prison. Marco Laureti and Felix Mostelac were charged by indictment with one count of conspiracy to commit wire fraud and on multiple counts of wire fraud.

LAS VEGAS-Following a six-day jury trial, Nicholas Lindsey, 40, of, Billings, Montana, was convicted today of nine counts of wire fraud and one count of aggravated identity theft for his role in a mortgage fraud scheme, announced Daniel G. Bogden, United States Attorney for the District of Nevada.

As a result he was sentenced to six years and six months in prison.. Prosecutors deemed it a “builder bailout” mortgage fraud scheme.. Obagi and Salah convinced condominium owners in California, Florida, and. Mortgage lenders lost over $10 million because these loans went into default. Go to Top.

Real Estate Fraud Lawyer: What to Know and How to Defend Yourself if Charged Definition of Real Estate Fraud. Real estate and mortgage fraud have become hot-button legal issues after the foreclosure and financial crisis of 2008. Because public officials and politicians blamed the economic collapse on shady mortgage dealings, there has been tremendous pressure to fight mortgage and.

Collier man indicted on mortgage fraud charges united states Attorney A. Lee Bentley, III announces the return of an indictment charging Ross D. Pickard (63, Naples) with one count of conspiracy.

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In an interview with me last year, Ken Menzel, the legal adviser to the Illinois. some of which appeared to originate from servers operated by a Russian company.” Six of the eight IP addresses in.

On May 11, 2015, in Cedar Rapids, Iowa, Michael Schute, of Dubuque, Iowa, was sentenced to 33 months in prison, three years supervised release, and ordered to pay $306,848 in restitution to the company and its insurance company.

Owner Of Florida Mortgage Company Sentenced To Over 11 Years In Prison For Orchestrating $64 Million Fraud Scheme Two Associates Also Sentenced for their Roles in the Conspiracy The owner of a Florida mortgage company was sentenced today to serve 135 months in prison for orchestrating a $64 million mortgage fraud scheme.